Due to the growth of the market is due to increase in
demand for Enriched Animal Feed and increase in global meat consumption, the
global antioxidants market is expected to grow at a compound annual growth rate
(CAGR) of 5.53% and reach US$3.54 billion by 2022 from $2.30 billion in 2014.
Another element responsible for the increasing demand
for antioxidants is premature aging due to pollution and other reasons. Whereas
lack of consumer education about benefits of antioxidants acts as restraining
factors for the market growth.
Antioxidants Market is segmented by application, by
type and by geography. Depending on the various applications, market is
segmented into Synthetic Resins, Food and Beverage, Cosmetic, Animal Feed and
Fuel Additives. Based on type, market is categorized into Natural antioxidants
and Synthetic antioxidants. Natural antioxidants are baked goods, Fish and
seafood, Oil, Meat and poultry, Fat and margarines. Synthetic antioxidants are
Butylated Hydroxyanisole (BHA), Butylated Hydroxytoluene (BHT), Propyl gallate
and Tert-butylhydroquinone (TBHQ). By geography, the market is segmented into
North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific has
growing demand for antioxidants market due to increase in need for health and
dietary supplements.
The key players in the Antioxidants Market include
Archer-Daniels-Midland Company, Aland (Jiangsu) Nutraceutical Co., Ltd.,
Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc.,
Koninklijke DSM N.V., Naturex S.A., Nutreco N.V. and ViTablend Nederland B.V.
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